Global trading houses Vitol and Trafigura significantly accelerated oil sales from Venezuela under a $2 billion supply deal brokered by the United States following the capture of President Nicolas Maduro.The…
AlessandroJanuary 25, 2026
The status of upgraders in the Orinoco Heavy Oil Belt (Faja Petrolífera del Orinoco) remains critical for Venezuela's ability to market its extra-heavy crude (EHCO). Because Faja oil is extremely…
AlessandroJanuary 22, 2026
Venezuela has received its first $300 million in proceeds from U.S.-orchestrated oil sales, part of a plan to stabilize the country's economy after the recent capture of Nicolás Maduro. This…
AlessandroJanuary 21, 2026
Equinor and its partners announced an oil discovery at the Othello South prospect in the Norwegian Sea. This wildcat well, 6507/8-12 S, is the first to be drilled in production…
AlessandroJanuary 19, 2026
Venezuela's oil sector centered on the interim government's push for legal reforms to attract foreign investment and the U.S. government's actions to control and sell Venezuelan oil assets after the…
AlessandroJanuary 17, 2026
Under the leadership of David Bird, appointed as the standalone CEO in July 2025, the $20 billion Dangote Petroleum Refinery is aggressively expanding its operational capacity. As of January 2026,…
AlessandroJanuary 17, 2026
Saipem awarded EnerMech a contract for subsea pre-commissioning services for the Whiptail development in the Stabroek Block offshore Guyana.The project's scope of work involves flooding, cleaning, and hydrotesting of subsea…
AlessandroJanuary 16, 2026
Germany has agreed to buy a stake in TenneT Germany for about €7.6–€8.9 billion ($8.2–$9.6 billion), securing state influence over key high-voltage grid assets and boosting funding for much-needed network…
AlessandroJanuary 12, 2026
In November 2025, British mining firm Shanta Gold Limited announced a major gold discovery at its Isulu-Bushiangala project in Kakamega County, Kenya.Key details of the breakthrough include:The site is estimated…
AlessandroJanuary 9, 2026